Director HRABOWSKI FREEMAN A III Sells Shares of T. Rowe Price Group Inc (TROW)
Director HRABOWSKI FREEMAN A III has executed a sale of 8,740 shares of T. Rowe Price Group Inc (NASDAQ:TROW) on March 8, 2024, according to a recent SEC filing.T. Rowe Price Group Inc is a global investment management organization that offers a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools.The insider's transaction history over the past year indicates that HRABOWSKI FREEMAN A III has sold a total of 8,740 shares and has not made any purchases of the company's stock.
The overall insider transaction trend for T. Rowe Price Group Inc shows a pattern of 0 insider buys and 11 insider sells over the past year.On the valuation front, T. Rowe Price Group Inc's shares were trading at $118.32 on the day of the insider's recent transaction. The company has a market cap of $26.302 billion.The price-earnings ratio of the company stands at 15.15, which is above the industry median of 13.67 but below the company's historical median price-earnings ratio.
Considering the stock's price of $118.32 and the GuruFocus Value of $116.56, T. Rowe Price Group Inc has a price-to-GF-Value ratio of 1.02, indicating that the stock is Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
